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Lou Dobbs Tonight

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  FOX Business    Lou Dobbs Tonight    The journalist offers his take on  
   issues and interviews newsmakers.  

    February 26, 2014
    11:00 - 12:00am EST  

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neil: welcome, everybody. i neil cavuto. do you ever hear something that stis with you? it was a comment last sunday for . >> since president has been in office we have reached the point where cting the annual deficit in half to reduce the overall debt of united states by $3 trillion over the next 10 years. neil: i heard that it stuck with me i immediately said he just out to an allied made i the debt is coming down it will shrink
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$3 trillion over the next 10 years? it is what. what will happen is it will grow $3 trillion less than rethought. that is a big didifference. said debwill grow at 21. 3 trillion that is not the but the cbo. it is not the $3 trillion decrease but $8 trillion increase may be sheikh factors in those savings but so far that does not mean fear is less red ink. but with washington less than we feared so no need to fear. not so fast. it is a twisted way that the senator says we're making progress. because if you define progress then you must be
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forgetting you are digging a hole consists of a. it is time for the wake-up call the debt is gettingg bier. that is like me sayi i m projected to gain 50 pounds over the next decade but i am only gaining four days so i lost 10 pounds. but i did not gain 40 pounds? it could have been 50 but fat chance we would die this. what do you think that we should be jumping for joy because the debt is $3 trilln less than we thought but still $8 trillion more than we have now? >> first of all, i don't want to comment on your plate. neil: good for you. wise move. >> this is washington speak dealing with it since obama
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took office. the reali is they mean the opposite of what they say. and d that be considered a cut. the debt is spiralling out of control. neil: whenever with these deficits now in the dollar more thawe spent with ever greasy with the ficits many argue this is the call before the befits storm? >> tre are two ways. one is mandatory spending with medare and medicaid and social security in obamacare. second, we could have pro-growth tax reform and a structur to allow the economy to grow.
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neil: your party is good at playing these games that does little to sign onto the debt ceiling increase. on and on rigo. you need what you say those. >> but these are the facts the president to stop want to change the mandory spending program. he does not want pro-growth tax reform faid waed to have anotr government shutdowno what republicans had to do was a precautiary measure to op the administratiin with thr madness. it is the least of the bad options. neil: but you will give bin to take a mile and with all the new spending initiives
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precisely because they have your number in baking keep spending because you were on the midterm election emprise then you will eventually do the things you wanted in the meantime ising opportunity after opportunity. >> i don't disagree but do you shut the government down again? because that is where we were headed. we just felt this was the worst -- the bestf the worst options. to debris' introduced draft legislation because when you code is complex.of the tax the american people need to take time these proposals and decide in november if
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th've nt to reelect the party that tries to bring in the budget problems. neil: nobleman who defense the spending democratic strategist, jessica, the argument you can say we will tram's 3 trillion of the debt when it will grow it just won't grow as much as we thought? is that telling the truth? >> it is important to note when we do things that are making a difference. the deficit heres coming down and has steadily since 2009. we have seen one of the most unproductive congress is we have had in the early one centuuy with all this
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gridlock. neil: this was my question though. i know the deficits are coming down. maybe there is a reassuring notion that itiles up on the presidt's precipitously to say it will be $3 trillion less than rates shot but it will sll be neck-and-neck $8 trillion more. th is hoodwinking people. >> i did not go that far. neil: someone tells you it will fall $3 trillion don't you think it will fall? >> yes. neil: but go up 11 now goes up 8 trillion that is what you meant >> you rarely hear a politician who was from this
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policy standpot eaking to the same way you would hear an economist or someone in the financial industry. neil: if you say you cut something then you better be cutting it not jt saying that cut is off their rates of growth. that is disingenuous. >> the budget will be a huge issue. neil: no dbt. >> it will be something we have seen although it is not muchf an issue during 2014. neil: if that's the case then doesn't that reinforc the argument of little impetus? that we kn for both parties is a ticking time bomb? >> this focus in particular
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they do a lot of testing and messaging with people impacting their lives and certainly the focus is on health care from the republican side but the democratic setalking about econom issues in general. in to raise the minimum wage and helping middle-class families. neil: thiss fromll income groups all the way up to billionaires' that is why it is choking our economy. but nobody thinks of that. >> certainly it needs to be tackd. they tried with the attempt of simpson-bowles. it became a political
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ping-pong. neil: you are right. if you cannot bring people to the table not taking seriously the economy defaulting on debt. to ruin credit rating. neil: we are retaking the can down th road hoping to redress leader but this will hurt the credit rating this will hurt to the reputation not shutting the government down wn it is open for business. that is myopinion spinet they cannot get any regulation doesn't sete that has nothing to do with the data. we talk past each other. [laughter] >> they need to get to the
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table. >> get the mass down. kathleen sebelius says she has no idea where we got the card dummy mes 7 billion numberer the standard that is being held to the white house. food could be so stupid or taif or sayomething so outrageous to utter that figure? we have a good idea. i will give you a hint. it was the secretary hers [ female announcer ] who are we we are thinkers. the job jugglers. the up all-nhts. and the ones who turn idea intoction.
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we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. lelzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start urs. like carpools... polly wants to know if we can pi h up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're lovinthis communal seating. oh, it's great. yeah. [ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you can get 10 gigs of data to share. and lines would be $175 a month. plus you can add a line anytime for $15 a month. sharing's never been better for business. ♪ sharing's never been better for business. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas,
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like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com (voseeker of the sublime.ro. you can separate runway diculousness...
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from fashionhat fls off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) oooo i like your ste. (vo) so do we, business pro. so do we. go national. go like pro. neil:. >> first of all, those 7 million was not give ministration but the cbo number when the bill was first assigned. the number is all over the neil: where in the world did we get that number from? >> success looks like at least 7 billion signed up by the end of march 2014. [laughter]
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okay. tapes do not live. -- l. why would she go out on the lam when she knows full well weave access? >> yes. is it is a situation in example of politicians going back on what they have said clearly you show the tape. this is not the first time for the president said you could keep your health plan and the first he denied then he later apologized because over and over networksere promising -- shoveling the promise. she also says not of loss of jobs but the cbo just add that. some democrats privately are not pleased with sebelius
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and these comments a not helping credibility neil: she has been there through all the embarrassment's and the warnings of what was going on and the severity. even to give all that a pass what worries me is when they try to spend the bad news that the 6 million is pretty darn terrific or those who@ pay more who have jobs compromise tests its results are liberated spinet the are certain ways to spin it. the administration always has somhing to say. frankly going against something u said in the past, we are at 6 million
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new begin at 7 millionut when you say it so starkly that is not helping and what is causing so much jinxed -- anxiety. neil: you just don't say it. i have not idea >> we have a brand new segment that you asked for. you want answers what's the deal? you wanto go there. enjoying a drink over the weekend? what if i told you the government put a limit how far you could go or how ch? the judges is loaded right
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neil: not one not to the threattacks. first the white house wonders what to do with ansa and one option they toss around is the phone tapping records. judge she did not let them move aaide. >> the president thought he could reform the yenisei to allow it to continue all spy all the time no search warrants to identy target. by depositing their records with the phone company he forgot to te the public he
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gave the nsa the abilityo retrieve those at the touch of a button. this would just save e government the cost of enormous. 27 timesthe contents of the library of congress every dayythat is how much did it is stored the president just wants to transfer that to the phone company. they don'teep that they don't record our conversations they don't want to end don't want to be forced. neil: but they have a and shouldn't. number two. banks to the supreme court rulings police officers could search f home without a warrant? >> the constitution says it they have to have a search warrant. effacing you robbing a bank calling it to your house
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that is the emncy exception but short of that no. what if there's two people one person says yes? please address the one that says no leaving only the one who says yes sounds like a fraud if it was concocted. six / 3-d supreme court said they can do it is absurd. neil: a cple one is worried they wouldget hurt. >> then they find weapons and drugs. this is an excuse for the police to arrest the person who says no. also to get on your property when the person who gives them permission is not you but just happens to be there itoes not requi the police to find out who the rightful owner is.
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neil:. 59 your front door can become in? neil: you're always welco the final free dove attack with the all you can drink now the bottomless brunch with the20 op bar? now they are in great now ey said cool it. >> the constitution and prects your bodily integrity. they do tell us what to do there d not let us take chemicals called controlled substances now perfectly lawful product sold at a consumed because we aret be going to over consume?
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were in the constitution is e government authorizeto worry about how much we drink? green plantshrough this before called prohibition it was one of the greatest disasters in history. neil: what about all you can eat chicken wings? >> that is coming. neil: then people will start to hoard the food. we have intrusion ter intrusion not presumably in our best interest. >> we make light but it is ridiculous but liber is never lost all at once or overnight double meaning people very slowly creeping up to make you healter or safer or stronger. i king keep myself safe let me have by free choi. we need the attitude that.
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otherwise what is next? it could be passed . neil: time to raisthe pitchfork. [laughter] fox business alert the olymcs are over. defense stocks hitng a new high as adimir putin puts his troops on high alert. i think it is something e-world war two.
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>> and is now getting scary again. the real games are beginning and
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these re not playful ones. vladimir putin ordering acomat readiness with ukraine's northern border. my next guest says that vladimir putin is pulling a fast one we are not willing to deal with it. >> i don't think it's a show of muscle. neil: would he be dealing with this if he had not talked about scaling back the commients to world war ii levels? >> i don't think any connection that. conventional ground forces that today are designed to take care of two things simultanesly. neil: it seems like a sense of the good guys, i would like to
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think that is who we are, they are going to way back and be weary or certainly not inttrested in getting any more conflict than they are going to pounce. >> i think our foreign policy as been so flawed and our direction lacking clarity and leerip. i think vladimirutin i taking advantage of that. he has always had a long hold on that part of the world. he owns the gas facilities. so theyave to kind ofdeal with him or did he really did not want the ukraine to enter into a strategic alignment with the eu and he must have offered them an economic package. neil: they said that there would be consequences for e actions. so we going to do? eventually if you're going to threaten someone, the time comes where you have to follow up or you're going to look like this. >> this is exactly why the foreign policy hs been a flop.
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the president of afghanistan, either you sign a treaty or we will move our troops. and then we come back to the end of the year and so you'll start reducing the troops. and so we are not committed to our wrd. so i think that there is a mixed message. but he' a very happy camper right now because the unted states and we couldn't come up with an economic package to settle at the ukraine. gerri: neil: let's talk about chris christie. charlie gaspano reportin tht maybe chris christie doesn't want to run or won't run red. >> i haven't spoken to him at all.
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and i said 's too earlyto tell. we need more clarity and people will stay on the sidelines until we get it. i do not think that chris christie is dumb enough to do someing to the general public that way. someone gets in my face come on the to be back in thrs. but if that is something for my staff, to think that they can exercisers, then i have a cultural problem. neil: we know where these go. but it is giving him pods because he is no longer a starter. >> i don' disagree with that. were situationor him is that thisreputation has been exacerbated. and that is what i think the ncern is. the rest of the nation will be
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given a say. i think he can recover, but we shall we. gerri: neil: i thnk he is doing a fundraiser for andrew coumo. and it raised the question that i raised with him. what is the deal? i mean, he could not be more different than chris christie. and yet either you cover your bases or you're just being overly pragmatic. >i think it is ragmatism. i will expect a call. i would support this. i thk andrew coumo is doing good. >> they think that you are just settling for this. and i understa that no one is
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perfect. and we will see who is a loser. [laughter] neil: it's good to see you. okay, in the meantime, these airline fees. well, they are going t continue. and now they want to charge you a price to come to your funeral. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to showow many years that amount might last. was trng to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink thishing.. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we ed to approach things dferently, if we want to be ready for a longer retirement. ♪
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neil: you have pbably heard that delta is going to start taking your frequent fyer miles to how far you paid for the ticket. but you did not care how some are quietly with leaving those fares die off. no more special price arrangements for those flying out for their final arrangement.
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we also have kate rogers here digging into this issue and has some mornings for flyers who mighbe in for me surprises. so first you. >> i found out i lost a family member on monday. i made the call to my favorite airline and the woman said sorry, just a couple of days ago we change the program. $1000 to travel in ckets were couple days and she said no, i' sorry, there's nothing i can do at all. and it bothered me. and there are a lot of people that cannot afford it. and it doesn't come with a warning. if you buy last minute, these
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fears are genrally high. and americans are payiig for it and hurts. and so they are streamlining airlines are trying to cut costs and this ione where they are doing it. but i reached out to some travel agents today and that smetimes looking at the lowest end cheapest cost might be cheaper than going with a bereavement policy. while this iscertainly not great pr for americans, it's not necessarily a bad thing depending on what time they are fine. neil: is aboutmuch accost him? >> that's a great question. you can imagine that they're going to lose a lot for this bereavement policy. people often use it, but i'm not sure it would be a huge cost to them and they are looking to streamline and pinch pennies.
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neil: if you are going out to a loved one's funeral, and i'm so sorry for your loss, you're thinking about an aisle seat or windows read or am i sitting with legroom or not extra legroom. you are hardly in a mindset to start nickel and dime in people. right? to yes, there are two sides of e coin. this is a really difficult subject. because you have that's on one hand and on the other hand you have a airline that are deeply discounting last-minute fars for occasions like this. neil: i think you would be able wise decision for an airline like spirit to have a bereavement policy. >> given their trackrecord, maybe they want to go down that road. i think that this is again what is happening in our economy. and you have shareholders are
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angry. many are cutting costs. they are cutting corners. there is less custorouch all across the united states. neil: i'm wondering if a lot of people took advantage of it. >> just come you have to give them your loved one's names, you asked about what airlines do have these plicies. delta and united. sometimes discounted a last-minute situation. and a lot of the discount airlines, the don't offer them because they saved the ay it have prices that are discounted amount. neil: i would hasten to add that you're going to remeer that in the future. they were with me when i was down and out and i will fly
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lta because they were with me when no one el was. >> is someone wo flies commercially and privately, what i have noticed is loyalty and nothing for and all of us, there is a great point. i'm going to think twice. and i've spent thousands and ousands ofollars with american for all of the viewers out there. give us something to hang onto and continue with the customer service. in this case i'm going to rethink it. multiple airlines, multiple sort of choices when itomes to travel. >> i haven't really had such bad
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travel experiences. and of course you want to save money. you just lost a family member or someone's rely sick, you don't want to hearhat the airline doesn't care an american is getting rid their policy. some certainly sure that they're unhappy customers out there. neil: thank you guys very muh. tart missed its mark in a huge way. if you have ever invested in a reta store or shopt a retail store or ever been seen in a retail store, you are not me, but you are in bi announcer: where can an investor be a name and not a number? scotade. ron:'m never alone with scottrade. i can always call or stop my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tradlike everybody. i trade like me. that's why i'm with scottrade.
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neil: you knew it would be bad. but the business lets has a
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number of stories. we are focusing on one that has a lot of applications. collecting 46% and our next guest says if you are investing in retail stocks, you should be part of this. we have two guests here, a retail analyst in th cyrsecurity expert. is he giving people posture the degree that they just don't go out to the stores? >> the corporate espionage is a reality and it's something that we really are prepared to head
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off at this point. neil: i always think that good sale beat the bad thing. there is a real big discount on tv sets or whatever. >> i think it's short-lived. i mean, we have seen before with other retailers. and even just recently we had targeted reported earnings in recent week in sales that have actually started to recover and they are seeing more normalize traffic. nei they also downplayed this. so not saying that they are lying. but i am saying that they might be minimizing this.
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>> i think that they are trying to calm investor concerns may puout of number and said sales are flat. and 'm wondering if there's anything you can hang your hat on. >> i'm not sure. and it's something that paul brought uup. my research shows that it started happening prior to the holiday sales.
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and this is spreading throughout the industry. so the weak ecomy, a couple of bad numbers and that goes. hourlyy earnings are nowhere to be found as far as growth. i think the consumer is starting to pay that number of ts great deal that is out there with these great promotions, i don't know if they are going to come back any time soon. neil: the issue about how this affected shoppers, some of them are just very leery of going back to target or feeling that they can go there since they have other choices. what do you think? >> well, i think the point that we really need to understand this that this is not a target issue or a retail issue. it is something that we are going to experience across all vertical markets. and to qualify that we have to embracethe business model and
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we are in the early stages and we need to put our arms around it and preemptively mitigate this goig into the corporate environmts. neil: telemann, thk you so much. have y ever wondered why in some cas they interrupt this?
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well, you have been asking these questions and a lot of these questions. so we thought would be a good time to start answering these questions each night and every night. i will ke it a nightly segment [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seatg. oh, it's great. yeah. [ male announcer ] the best thing to share? a data pla ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you can get 10 gigs of data to share. and 5 lines would be $175 a month. plus you can add a line anytime for $15 a month. sharing's never been better for business. ♪ sharing's never been better for business. iwe don't back down.k, we only know o direction: up so we're up early. up late. thinking up game-changing ideas, like thi dozens of tax free zones across new york state. move here. expand here.
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or sta a new buness here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. thers only one way for your busess to go. up. find out if your business can qualify start-upny.com (voseeker of the sublime.ro. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you. and go anonly national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles.
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with just a few dabs, it clinically proven to seal out more food particles so you're more comfortable and confident while you eat. sur poligrip fe made the kiwi annjoyable experience. [ charlie ] try zinc free super poligr. we are thinkers. the job jugglers. the up a-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entreeneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help stt yours. turning dreamers into business owners. coach calls hea team player. she's kind of special. she makes e whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependab.
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a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. neil: a new segment inspired by you. those of you who e-mail and tweet by thethousands, wanting to know what i do what i do and why i talk to my talk and who i choose to interrupwhen they talk. we call what a lot of you call it. >> what is the deal, neil? well, your efort to get inside my head, which is a dangerous place to go. it is up and running thanks to my crew. why do you make such a big deal out of a measly 175,000
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government-funded sstudy when we are swimming in trillions in debt. well, because i already know that fish can swim and this kind of nonsense is why we are swimming in so much debt. and allison said i always wondered why you would ierrupt your guests. do you like the sound of your nails on chalkboardvoice? >> no, i just like usetting you. it seems i succeeded. if you prefer speeches, watch another show. most have better voices. and i get this one a lot. don't take this wrong way. but i can't stand t way und. your ice is scratchy and annoying. you would think that you would just clear your toat. you would think are lame, but it's not that easy. i do not make a federal case out of this.
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i wish i could wave a wand and it would go away. stu to mululple sclerosis. but i hope it's not so bad as you leave. try turning the sou down. tryit right now. and elen says when you talk so much about food? well, because i like to eat. and another individual says i love it when you argue. maybe you should suck it up and go on a die. maybe youshould just watch a dinner hosted be done with it, do you think? and alicia says do you wear a toupee? because of your hairs real, it looks like a toupee. >> and ask me. i hink that you are a clueless
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partisan viewer. because any regular viewer of the show would know that i've called out republicans on spending excesses as well, including lastweek on the monster's trillion dollar farm bill and the bush administration and the bank bailouts that i say set the stage for all of the handout. and another reviewer says u're not very attractive and you don't look like any other anchor. he will quit my ninth grade algebra acher and he was weird. so i want to know how did you do it. how did you get on tv? well, i have photogphs here. and someone else said i bumped into you at your sons basketball game and you were so nice.
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i'm not going to waste my time. ♪ him and his. >> oh, my goodness. our beloved hostess is still with us, she's just not in the studio tonight. kennedy will be joining us later in the hour to give us an update on what prevented her from being here. it's going to be a heck of a show. and we will have the professionl wrestler kane. this is "the independents." hello, i am mattwel